PNB Stock Trends in 2018 - PNB Share Price Live Update - mymoneykarma

PNB share price fluctuates at every moment and thus it is very important for all potential investors to keenly study the performance of the company’s shares before investing in it. PNB shares can be purchased from NSE (National Stock Exchange) as well as from BSE (Bombay Stock Exchange). All the details regarding the PNB stock price, PE ratio, earlier closings and other metrics that can help in judging the stocks of PNB can be found on the websites of BSE as 532461 and on NSE as PNB.

Company Wealth and Latest Performances

PNB Q1 Financial Year 2018-19 Results

State-owned Punjab National Bank claimed that the results of the financial year had progressed greatly in the last quarter with the lender's net loss coming in at about 940 crores against 343.4 crores in the same period for the previous fiscal year. The total income earned through interest has also increased for the company. The company made a provision of around 321 crores with 27 borrower accounts under the provisions of the insolvency and bankruptcy code. The total came to around 10,670 crores.

The NPA percentage also grew since the last fiscal year

PNB Annual Report 2017-18

The net loss of the bank for the year ending March 2018 stood at 12,130 crores compared to the net profit of 1,187 crores in FY17.

The total assets of the bank in 2018 fiscal year rose by 6.32% from 7,20,331 crores from March 2017 to 7,65,830 crore in March 2018. The bank’s portfolio of loans also increased by 3.39%, while the net investment raised by 7.27%.

In the financial year 2017-18, the net interest income reached around 14,992 crores, while the overall operating profit in FY18 stood at 10,294 crores.

Notwithstanding charges of fraud against the bank, the lender achieved breakthroughs which include the landmark for domestic business crossing ten crores.

The bank raised 5000 crores through Qualified Institutional Placement (QIP) to give a capital boost to the company. The Government of India infused 5473 crores in March 2018.

PNB Stock History in 2016 and 2017

PNB share price at the beginning of 2016 was close to Rs.100 on NSE and BSE. By the month end, the PNB stock price had fallen below Rs.100. When Q3 FY16 results were declared in early February, the share price took added hit owing to a torpid performance. Things became worse when the financial entity declared its plan to sell bad loans worth Rs.3,000 crore to some asset reconstruction companies in the fourth quarter of FY-2016. This led to PNB stocks drop down close to Rs.70.

About MyMoneyKarma: MyMoneyKarma is emerging as a leading Recommender Engine that helps people makes Intelligent Financial decisions. We are founded by two Stanford Business School alumni who bring decades of experience in Consumer Finance and Technology. Our focus is on creating secure, data-driven, unbiased, and consumer-friendly online tools that recommend products and services in a rapidly evolving environment. We use Machine Learning algorithms to identify potential opportunities for our customers to plan, save and invest.

Emerald Gardens Plot No 56, Anupama Homes, Manikonda, Hyderabad, Telangana 500032

This release was published on openPR.